Lender pays a further £6.3bn back to government

The company behind Bradford and Bingley and Northern Rock Asset Management (NRAM) has paid back £6.3bn in government loan repayments in the last six months.
UK Asset Resolution (UKAR) which incorporates Bradford & Bingley and NRAM has issued its interim results for the six months ended 30 September 2018.
Government loan repayments of £6.3bn, including the remaining £4.7bn of the Financial Services Compensation Scheme debt was paid, bringing total repayments to £44.7bn since UKAR was formed. It said that 92% of the govern... For the full story register now for free or login below...